Labor Day traditionally marks the end of summer and birth of a new school year to youngsters and their parents. Most workers in the U.S. get that day off as an official holiday and many celebrate it with summer BBQs, picnics and maybe even a trip to the beach.
Category: All Posts
A number of different institutions and government entities are responsible for regulating banks and deciding who receives a small business loan and who doesn’t. Such regulatory institutions also protect against fraud, theft and other forms of deception providing a measure of security among customers.
There’s a good amount of talk on this blog about how difficult it is for the run-of-the-mill business to apply for and actually receive a small business loan from a corporate bank – yes this still goes on today. Though some finance and banking experts talk about how banks are loosening up on loans, it remains to be seen if that is actually happening or not. For personal lending, the debate is pretty much the same: banks showing considerable reluctance or increased interest rates when lending to private individuals.
It is an old, bill-paying habit many people have acquired over the years to help them make sure they pay their bills on time. By paying their bills as soon as they arrive in the mail or email inbox, they are ensuring the bill gets paid in a timely fashion without incurring the additional costs of those price late fees. By delaying, the payer runs the risk of forgetting to pay the bill.
If you are like most people, you probably don’t take the time to think much about the cleanliness of a business or store you happen to venture into. If something is a mess or emits a foul-smelling odor, then you might notice it. But most of us take it for granted that the businesses and offices we visit will be clean and sanitary.
Small business loans, at least the ones issued from a corporate or even neighborhood bank, aren’t as easy to come by as they used to be. Though lending may be on the rise from 2008 when all loans for small businesses plummeted due to the bank and economic collapse, it remains flat. Many small businesses, particularly those that have yet to establish themselves, are not able to get these long term loans the way small businesses used to a decade or so ago.
Years ago, a small business owner may have been able to go to his neighborhood bank, fill out some paperwork, and receive that small business financing they were seeking. A handshake and some perfunctory assessment of the business’s history and financials were all that was needed to secure a small business loan.
During the 1970s, motorists waited in long lines at the pump to refill their large, gas guzzlers. Restrictions were enacted at the time to limit gas consumption because of short supply.
Telecommunications funding has never been a cheap or low expense industry. Many years ago cable companies and those in telecommunications had to come up with telecom funding to cover the enormous costs of installing and laying down copper cable lines. Such telecommunications funding would also have to cover the costs of digging up the ground, the materials themselves, labor, payroll and local permits to pay for such endeavors.
Applying for a traditional small business loan from a corporate bank has never been an easy task. The applicant has to fill out a lengthy application, undergo a credit check, submit a business plan, and answer a myriad of other questions regarding the past, present and future plans of the business.